Resistance

Polygon

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   Oct 24, 2023 at 12:27 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/dc3/900_900_1/b4rjembvcqxbt7iovftauavyzhnipvkg.jpg" width="900" height="563" alt="" title="">
 <p><strong>Polygon (MATIC) shares are trying to overcome the $0.64 resistance level today. If the initial barrier is overcome, the altcoin will rise above $0.70. Price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <p style="text-align: justify;">The uptrend will continue to the high of $0.85. However, the altcoin is currently trading in the overbought zone. If MATIC is rejected at the high of $0.64, it will fall. Meanwhile, the altcoin is trading below the high at $0.65.</p>
 <h2 style="text-align: justify;" id="polygon-price-long-term-forecast-bullish">Polygon Price Long Term Forecast: Bullish</h2>
 <p style="text-align: justify;">The price of Polygon (MATIC) rose back above the support level of $0.50 on October 19. The price of MATIC surpassed both the resistance and the moving average line at $0.58. The altcoin reached a high of $0.64 and was rejected. The polygon was beaten back the same level in August and fell into the range bound zone.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-polygon-indicator">Analysis of the Polygon Indicator</h2>
 <p style="text-align: justify;">After the price recovery, the cryptocurrency price bars are currently above the moving average lines. The price movement of MATIC has accelerated as the price bars are above the moving average lines. The polygon shows a bullish transition as the altcoin resumes its uptrend. The 21-day line of the blue SMA has crossed above the 50-day line of the red SMA, indicating an uptrend.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators</h3>
 <p style="text-align: justify;">Resistance levels: $1.20, $1.30, $1.40<br> Support levels: $0.60, $0.40, $0.30</p>
 <p style="text-align: justify;"><img width="988" alt="MATICUSD_(Daily Chart) – OCT. 24.jpg" src="https://cdn.thebittimes.com/images/2023/10/24/5779ac612000469900d7e0dedb1de586.webp" height="518" title="MATICUSD_(Daily Chart) – OCT. 24, 2023"><br></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-polygon">What is the next move for Polygon?</h2>
 <p style="text-align: justify;">Polygon has moved up into the overbought area of the market. MATIC reached a high of $0.65, but was rejected at this level. The price of the cryptocurrency is forming a series of higher highs and lower lows on the 4-hour chart. The price movement stalled at $0.65.</p>
 <p style="text-align: justify;">On October 17, Coinidol.com reported that Polygon price&nbsp;has been limited to between $0.50 and $0.58 since August 17.&nbsp;&nbsp;</p>
 <p style="text-align: justify;"><img width="988" alt="MATICUSD_ (4 Hour Chart) – OCT. 24.jpg" src="https://cdn.thebittimes.com/images/2023/10/24/e9875365234bc2e0e42c70a56d035410.webp" height="518" title="MATICUSD_ (4 Hour Chart) – OCT. 24, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polygon-price-recovers-and-rises-to-the-high-of-0-65-tbt67588.html">https://thebittimes.com/polygon-price-recovers-and-rises-to-the-high-of-0-65-tbt67588.html</a></p>

Polygon Price Recovers And Rises To The High Of $0.65

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